HUYA (NYSE:HUYA) Sees Strong Trading Volume After Dividend Announcement

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) saw strong trading volume on Thursday following a dividend announcement from the company. 2,014,894 shares changed hands during trading, an increase of 34% from the previous session's volume of 1,508,101 shares.The stock last traded at $3.30 and had previously closed at $3.46.

The newly announced dividend which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $1.47 dividend. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA's payout ratio is currently -4,766.67%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America lowered HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.68.

HUYA Price Performance

The company has a fifty day moving average price of $3.73 and a 200 day moving average price of $3.66. The company has a market capitalization of $759.48 million, a P/E ratio of -37.28 and a beta of 0.72.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, equities research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Remove Ads

Institutional Trading of HUYA

A number of large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company's stock worth $2,322,000 after purchasing an additional 270,701 shares during the last quarter. Seldon Capital LP acquired a new position in shares of HUYA during the third quarter worth approximately $51,000. FMR LLC boosted its position in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company's stock worth $12,199,000 after buying an additional 1,681,800 shares during the period. Quantbot Technologies LP grew its holdings in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company's stock worth $118,000 after buying an additional 3,685 shares in the last quarter. Finally, Athos Capital Ltd increased its position in HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company's stock valued at $649,000 after acquiring an additional 11,000 shares during the period. Institutional investors and hedge funds own 23.20% of the company's stock.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.